2025-06-30T13:49:44-04:00 2024-12-31 233022325 ZELENKOFSKE AXELROD LLC 210 TOLLGATE HILL ROAD GREENSBURG PA 15601 990 2024-01-01 251855490 NEIGHBORHOOD COMMUNITY DEVELOPMENT FUND NEIG 4123220290 3923 PERRYSVILLE AVENUE PITTSBURGH PA 15214 MARK MASTERSON EXECUTIVE DIRECTOR 4123220290 2025-06-19 false JARED C EWING P00596532 7248342151 2025-06-19 2024 2025-03-06 01:10:19Z MARK MASTERSON 3923 PERRYSVILLE AVENUE PITTSBURGH PA 15214 5338817 false X WWW.NCD-FUND.ORG X 2000 PA TO PROMOTE COMMUNITY DEVELOPMENT THROUGH PROVIDING AN ARRAY OF FINANCIAL PRODUCTS AND TECHNICAL ASSISTANCE SERVICES FOR NEIGHBORHOOD BUSINESSES AND REAL ESTATE WITHIN ALLEGHENY COUNTY. 13 13 13 23 0 4129869 3986852 1055307 1259784 5938 40489 3207 28898 5194321 5316023 0 0 1112075 1282396 0 304665 2085385 1875813 3197460 3158209 1996861 2157814 23189829 24719044 15441530 15042107 7748299 9676937 X NEIGHBORHOOD COMMUNITY DEVELOPMENT FUND IS DEDICATED TO SUPPORTING FINANCIAL SUCCESS OF SMALL BUSINESSES AND COMMUNITY DEVELOPMENT PROJECTS IN THE LOW AND MODERATE INCOME NEIGHBORHOODS OF (CONTINUED ON SCHEDULE O) false false 2539791 1259784 NCDF PROVIDED FINANCING TO 100 SMALL BUSINESSES AND COMMUNITY DEVELOPMENT PROJECTS IN 2024 THROUGH LOANS; NCDF'S TECHNICAL ASSISTANCE PROGRAMS SERVED 588 INDIVIDUALS AND BUSINESSES. THE TOTAL PORTFOLIO OF LOANS OUTSTANDING REACHED 294 LOANS, OF WHICH 45% WERE TO LOW AND VERY LOW INCOME BORROWERS, AND THE REMAINDER WERE TO BUSINESS OWNERS AND COMMUNITY ORGANIZATIONS INVESTING IN THEIR LOCAL COMMUNITIES IN PITTSBURGH AND ALLEGHENY COUNTY. NCDF OFFERS FLEXIBLE FINANCING TERMS AND SUPPORTS ITS BORROWERS WITH TECHNICAL ASSISTANCE THAT IS INTENDED TO INCREASE THE CHANCES OF THEIR SUCCESS- WHETHER THAT IS FOR A GROWING SMALL BUSINESS, AN AFFORDABLE HOUSING PROJECT OR A COMMUNITY FACILITY. OVER ITS 24 YEAR HISTORY, NCDF HAS PROVIDED 613 LOANS TOTALING MORE THAN (CONTINUED ON SCHEDULE O) 2539791 true true false false false false false false false false true false false false true true true false false false false false false false true false false false false true false false false false false false false false false false false false false true false false false true 0 0 13 true false false false false false false false false false false false false false false X 13 13 false false true false true true false true true false false true true true true true true true false false PA X CHELSEA NEWCOMER 4123220290 3923 PERRYSVILLE AVENUE PITTSBURGH PA 15214 MARK MASTERSON EXECUTIVE DI 40.00 X 200000 0 19500 DEBBIE REED JOINED 92024 BOARD MEMBER 1.00 X 0 0 0 ISAAC FALVEY JOINED 92024 BOARD MEMBER 1.00 X 0 0 0 LINDA HANSEN JOINED 92024 BOARD MEMBER 1.00 X 0 0 0 MARK NUSSBAUM JOINED 92024 BOARD MEMBER 1.00 X 0 0 0 JEROME JACKSON BOARD MEMBER 1.00 X 0 0 0 WALTER NARDUCCI CHAIR 1.00 X X 0 0 0 ALAN D PERRY SECRETARY 1.00 X X 0 0 0 WILLIAM ROLAND BOARD MEMBER 1.00 X 0 0 0 DORRIE SMITH-RICHIE BOARD MEMBER 1.00 X 0 0 0 DEREK UBER TREASURER 1.00 X X 0 0 0 KEITH WEHNER BOARD MEMBER 1.00 X 0 0 0 KAREN WILES VICE CHAIR 1.00 X X 0 0 0 BOBBY WILSON BOARD MEMBER 1.00 X 0 0 0 200000 19500 1 false true false 2673 1544128 2440051 3986852 INTEREST - LENDING ACTIVITIES 522291 1136161 1136161 LOAN FEES 522291 91123 91123 RECOVERY OF LOANS CHARGED-OFF 522291 32500 32500 1259784 40489 40489 51100 2673 22794 28306 28306 MISCELLANEOUS 522291 592 592 592 5316023 1260376 68795 219501 197551 10975 10975 837977 489113 175126 173738 19594 11341 3817 4436 126594 78326 22381 25887 78730 51136 14071 13523 33492 27718 2857 2917 186233 154130 15884 16219 98151 59495 818 37838 186739 186287 161 291 14916 11977 1558 1381 48902 39122 4890 4890 45878 39353 4978 1547 18932 17054 1052 826 59286 54463 1907 2916 581593 580769 412 412 39814 31890 3962 3962 6056 4844 606 606 PROVISION FOR LOAN LOSS 351299 351299 MISCELLANEOUS 101246 54165 47081 LOAN FEES 89931 88806 1125 EQUIPMENT 13345 10952 1217 1176 3158209 2539791 313753 304665 7513779 4636777 923630 3282078 348631 351340 268245 85537 13726075 15983783 47326 58290 161435 73264 111533 88171 10000 250610 223068 23189829 24719044 91531 107197 9320014 5757836 5864162 9020796 165823 156278 15441530 15042107 X 7415716 9572618 332583 104319 7748299 9676937 23189829 24719044 X 2157814 -229176 X false true X true false X 1349618 1439867 1503625 4129869 3986852 12409831 1349618 1439867 1503625 4129869 3986852 12409831 1775067 10634764 2783 1159 1880 5938 40489 52249 5648 1597 27306 34551 12496631 3731059 0.85100 0.99710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 121373 36411 84962 40062 36853 3209 88171 ACCRUED INTEREST 79265 RIGHT OF USE LIABILITY-LT 42633 RIGHT OF USE LEASE LIABILITY-CURRENT 34380 156278 X 5338817 22794 22794 5316023 5316023 3181003 22794 22794 3158209 3158209 SCHEDULE D, PAGE 3, PART X THE ORGANIZATION RECOGNIZES AND DISCLOSES UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH GAAP. AS OF AND DURING THE YEARS ENDED DECEMBER 31, 2024 AND 2023, THE ORGANIZATION DID NOT HAVE A LIABILITY FOR UNRECOGNIZED TAX BENEFITS. SCHEDULE D, PAGE 4, PART XI, LINE 2D EVENT EXPENSES NETTED WITH REVENUES 22,794 SCHEDULE D, PAGE 4, PART XII, LINE 2D EVENT EXPENSES NETTED WITH REVENUES 22,794 GALA 53773 2673 51100 3900 12509 6385 53773 2673 51100 3900 12509 6385 22794 28306 false false false false false false false false false MARK MASTERSON EXECUTIVE DIRECTOR 200000 5288 14212 219500 FORM 990, PART III LINE 1. BRIEFLY DESCRIBE THE ORGANIZATION'S MISSION (CONTINUED): ALLEGHENY COUNTY, PA WITH TAILORED FINANCIAL PRODUCTS AND TECHNICAL ASSISTANCE. LINE 4 (CONTINUED): 44 MILLION IN PITTSBURGH AND UNDERSERVED NEIGHBORHOODS AND POPULATIONS, ESPECIALLY LOW AND MODERATE INCOME BUSINESS OWNERS. IT HAS CONSISTENTLY BEEN THE LARGEST MICROLOAN PROVIDER IN WESTERN PENNSYLVANIA, AS MEASURED BY THE US SMALL BUSINESS ADMINISTRATION. FORM 990, PAGE 6, PART VI, LINE 4 IN MARCH, 2024, THE ORGANIZATION AMENDED ITS BY-LAWS TO ELIMINATE ITS SOLE MEMBER, THE NORTHSIDE LEADERSHIP CONFERENCE (NSLC). PREVIOUSLY, NSLC APPOINTED ALL BOARD MEMBERS. UNDER THE REVISED GOVERNANCE STRUCTURE, THE ORGANIZATION BECAME A NON-MEMBER ENTITY, AND NSLC MAY NOW NOMINATE NO MORE THAN 50% OF THE BOARD. FORM 990, PAGE 6, PART VI, LINE 6 THE NEIGHBORHOOD COMMUNITY DEVELOPMENT FUND (NCDF) IS A MEMBERSHIP CORPORATION. THE NORTHSIDE LEADERSHIP CONFERENCE IS THE SOLE MEMBER OF THE NCDF FORM 990, PAGE 6, PART VI, LINE 7A THE NORTHSIDE LEADERSHIP CONFERENCE, SOLE MEMBER OF THE NCDF, APPOINTS ALL BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS EMAILED TO THE MEMBERS OF THE ORGANIZATION'S FINANCE COMMITTEE AND THE EXECUTIVE DIRECTOR IN DRAFT FORM. A MEETING WITH THE PREPARERS OCCURS TO DISCUSS ANY QUESTIONS. AFTER THE REVIEW WITH THE PREPARERS, THE BOARD OF DIRECTORS FORMALLY ACCEPTS THE AUDIT REPORTS AND TAX FILINGS. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY AND BOARD AND STAFF DISCLOSE ANY CONFLICTS OF INTEREST WITH AN ACKNOWLEDGEMENT OF THE CONFLICT OF INTEREST POLICY AT THAT TIME. BOARD MEMBERS WITH CONFLICTS DISCLOSE THOSE CONFLICTS WHENEVER THEY ARISE IN BOARD MEETINGS AND RECUSE OR ABSTAIN FROM THOSE MATTERS WHILE UNDER DISCUSSION OR WHEN PRESENTED FOR A VOTE BY THE BOARD. THE BOARD MEETING MINUTES FOR EACH BOARD MEETING DOCUMENT ANY RECUSALS AND/OR ABSTENTIONS. CONFLICT OF INTEREST STATEMENTS FROM BOARD AND STAFF MEMBERS ARE RETAINED IN LINE WITH THE DOCUMENT RETENTION POLICY. THE EXECUTIVE DIRECTOR AND/OR CFO REVIEW CONTRACTS AND AGREEMENTS AT THE TIME THEY ARE EXECUTED; WITH ANY NEW LOAN TO A BORROWER OR INVESTMENT IN NCDF, THE ORGANIZATION REQUESTS DISCLOSURES OF ANY CONFLICTS OF INTEREST FROM STAFF AND BOARD MEMBERS AT THE TIME OF LOAN APPROVAL FOR LOANS TO BORROWERS OR FOR AN INVESTMENT OR GRANT AGREEMENT AT THE TIME SUCH AGREEMENTS ARE PROVIDED TO THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST SUBJECT TO REDACTIONS NECESSARY TO PROTECT THE CONFIDENTIALITY OF ITS BORROWERS/INVESTORS, IN ACCORDANCE WITH THE AGENCY'S PRIVACY POLICY AND APPLICABLE LEGAL AND REGULATORY STANDARDS. IN ADDITION, NORTHSIDE COMMUNITY DEVELOPMENT FUND'S IRS FORM 990 IS AVAILABLE AT GUIDESTAR.ORG. FORM 990, PART XI, LINE 9 CHRONICLE ENDING PAYABLES -229,176 IN THE PRIOR YEAR, THE FINANCIAL STATEMENTS WERE CONSOLIDATED WITH ITS SUBSIDIARY, THE NORTHSIDE CHRONICLE,LLC. THE NORTHSIDE CHRONICLE, LLC CEASED OPERATIONS AND FILED ITS FINAL TAX RETURN AS OF DECEMBER 31, 2023. NEIGHBORHOOD COMMUNITY DEVELOPMENT FUND ASSUMED THE OUTSTANDING ACCOUNTS PAYABLE OF THE NORTHSIDE CHRONICLE, LLC. THIS AMOUNT REPRESENTS THE OUTSTANDING ACCOUNTS PAYABLE OF THE LLC. NORTHSIDE LEADERSHIP CONFERENCE 4 ALLEGHENY CENTER PITTSBURGH PA 15212 251689304 MEMBERSHIP PA 501C3 7 N/A false false false false false false false false false false false false false false false false false false false false